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Morumbi Resources Announces Closing of Private Placement

TORONTO, ONTARIO -- (Marketwire) -- 02/07/13 -- Morumbi Resources Inc. (TSX VENTURE:MOC) ("Morumbi" or the "Company"). Further to its recently issued press release on January 31, 2013 announcing the closing of a non-brokered private placement offering (the "Offering") for gross proceeds of $165,025, the Company would like to correct its disclosure with respect to the amount of the finder's fees payable to eligible persons (the "Finders") in connection with the Offering. The Company paid a total of $9,142 in cash fees and also issued 26,120 finder warrants to two (2) eligible arm's length persons.

About Morumbi

Morumbi Resources Inc. is a public company with early stage mineral exploration licences in PNG. Morumbi is also currently evaluating resource opportunities in Bougainville, PNG by forming strategic relationships with local landowner companies with the view to securing mineral exploration licences on their traditional lands, if and when the moratorium is lifted and licences are granted. It also has a legacy light oil property in northwest Alberta. The Company trades on the TSX Venture Exchange under the symbol "MOC". For more information about Morumbi and the Company's plans visit our website at www.morumbi.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Morumbi Resources Inc.
Lindsay Semple
Chief Executive Officer
416-364-2266
lsemple@morumbi.ca

Morumbi Resources Inc.
Keith Porter
Corporate Development
416-364-2266
Kporter@morumbi.ca
www.morumbi.ca

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